In 2012, the total European market for small bone and joint orthopedic devices was valued at €334.3 million.The European small bone and joint orthopedic device market includes shoulder reconstruction implants, elbow repair devices, hand and wrist devices and foot and ankle devices. Although the overall market grew by 6.5% in 2012, some segments experienced pricing declines due to the ongoing European sovereign debt crisis (aka Eurozone crisis). Governmental bodies such as the National Health Service (NHS) in the U.K. were making drastic budget cuts in 2012 which had a severe negative impact on prices. Drivers such as an expanding aging population and adoption of premium priced technolo...
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